David Rodriguez
Comparing hard money
When doing hard money loan, what should I look for to keep cost as low as possible besides interest rate, is there a list of estimated costs I can ask for or how can I compare between two or more hard money options?
Alexander Lang
Using a 401K as leverage?
Hello everyone!Is it possible to approach a lender and ask them if you can leverage your 401K plan to take out a line of credit? Is this even possible, or will it mess up anything with your 401k? Obviously there are r...
Heather Yan
Should I sell or rent and hold?
I purchased a property in 2013 for $265,000 and leased it out ever since at $2,300. The return rate (without depreciation) is at about 5%. The selling price of the property is at least 325,000 right now. The property ...
Kelley Lefmann
What niche to focus on?
My partner & I (new to real estate investing) have been advised to pick a niche: homes for first-time buyers, “value-add” properties (those in need of work), foreclosure buys, tax lien purchases, etc. That said, ...
Kel S
Tax reduction on home by simply writing a letter
We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, w...
Kody Thompson
Why are Real Estate Agents so Lazy?
Dont get me wrong I dont think all of them are lazy but come on now. Looking at potential properties on the MLS, Zillow, Redfin with incomplete details about the property, no photos, no square footage listed but GREAT...
Account Closed
Need advice coordinating a complicated deal.
This deal is out of my comfort zone. Because It has great potential I am willing to attempt it if I get a solid strategy in place. I live in Ohio. I do plan to consult my attorney tomorrow but would like input / gu...
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State and Local Gotchas
John (REI) and I have been having a bit of a tangent in getting licensed pointing out some state oddities. John thought that we were going far enough into the weeds there that I should creat a new post.
If you know ...
April Vogt
Cash for Keys to break tenants lease early?
A partner and I will be closing on a 4-plex in Nevada early next month, which we will fully remodeled using a construction loan. Three of the tenants are on month to month leases, however one set of tenants have a lea...
Iman Yu
Foundation issues: deal or no deal? (Houston area)
so this is my first property. It's now under contract and we have just gone through the comprehensive inspection which found signs of foundation movement. The signs were vertical cracks around the brick veneer on the ...